Director buys 1,500 ACCESS Newswire Inc. (ACCS) shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCESS Newswire Inc. director Wesley T. Pollard reported an open-market purchase of 1,500 shares of common stock at $7.29 per share. After this transaction, he directly owns 7,222 shares of the company’s stock. The filing notes it was submitted late because of delays with enrollment and account authorization in the SEC’s EDGAR Next System.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,500 shares ($10,935)
Net Buy
1 txn
Insider
Pollard Wesley T
Role
Director
Bought
1,500 shs ($11K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,500 | $7.29 | $11K |
Holdings After Transaction:
Common Stock — 7,222 shares (Direct)
Footnotes (1)
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Key Figures
Shares purchased: 1,500 shares
Purchase price: $7.29 per share
Holdings after transaction: 7,222 shares
3 metrics
Shares purchased
1,500 shares
Open-market purchase of common stock
Purchase price
$7.29 per share
Price paid for ACCS common stock
Holdings after transaction
7,222 shares
Direct ownership following the purchase
Key Terms
open-market purchase, Form 4, EDGAR Next System
3 terms
open-market purchase financial
"The Reporting Person purchased all 1,500 shares of common stock in the open market at a price of $7.29 per share."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Form 4 regulatory
"This Form 4 is being filed late due to delays encountered with the enrollment and account authorization within the SEC's EDGAR Next System."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
EDGAR Next System regulatory
"delays encountered with the enrollment and account authorization within the SEC's EDGAR Next System."
FAQ
What insider transaction did ACCESS Newswire Inc. (ACCS) disclose?
ACCESS Newswire Inc. reported that director Wesley T. Pollard made an open-market purchase of 1,500 shares of common stock. The transaction was executed at a price of $7.29 per share, increasing his directly held stake in the company.
Was the ACCS director’s Form 4 filing submitted on time?
The Form 4 for Wesley T. Pollard was filed late. The footnote explains the delay resulted from issues with enrollment and account authorization in the SEC’s EDGAR Next System, which slowed completion of the electronic filing process.
What type of transaction is shown in the ACCS Form 4 filing?
The Form 4 shows an open-market purchase of common stock by director Wesley T. Pollard. This means he bought shares directly on the market, as opposed to receiving them through equity compensation, option exercises, gifts, or other non-market mechanisms.